DENSO announced that Hikaru “Howard” Sugi will be president and CEO of DENSO International America (DIAM), DENSO’s North American headquarters, effective June 22. Sugi is senior executive director of DENSO Corporation and replaces Yoshiki “Steve” Sekiguchi, who is retiring from the company. As president and CEO of DIAM, Sugi also will serve as chair of the Board of Directors for the North American DENSO Group.
Prior to being named President of DIAM, Sugi oversaw the Engineering Research and Development Center, Hybrid System Engineering Department and New Business Promotion Department. He will continue to serve in these roles, as well as president of DIAM and DENSO in North America. Sugi’s extensive experience in R&D and product development will help strengthen and expand DENSO’s engineering capability in North America.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 35 countries and regions (including Japan) and employs approximately 120,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
In the Americas, DENSO employs more than 16,000 people with consolidated sales totaling US$6.4 billion for the fiscal year ended March 31, 2011.